"Future of the Estonian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Estonian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following - - The Estonian defense industry market size and drivers: detailed analysis of the Estonian defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country- Porters Five Force analysis of the Estonian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years- Market opportunities: details of the top five defense investment opportunities over the next 10 years- Competitive landscape and strategic insights: analysis of the competitive landscape of the Estonian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Scope

- Estonia is well known for its multi-vector foreign policy, with which it manages to maintain stable relations with all of its neighbors. It is a relatively peaceful country compared to other Central European nations, which encounter frequent turbulence. Estonia is also an active participant in the NATO Partnership for Peace Program. Growth in the Estonian defense market is primarily driven by the need to modernize the countrys defense arsenal and Russias military aggression in Ukraine, which had brought about the possibility of an armed conflict in Europe. The countrys participation in peacekeeping operations and counter terrorism also fueled defense expenditure growth during the historic period.- Over 2014-2018, Estonias defense expenditure increased from US$512.8 million in 2014 to US$621.8 million in 2018, registering a CAGR of 4.93%. According to the Estonian Long Term Defence Development Plan 2013-2022, the majority was directed towards the ongoing armed fleet modernization program, with specific focus on the modernization of equipment. In the last few years, although in limited volumes, Estonia has consistently imported advanced arms and ammunitions such as armored vehicles, missiles and sensors to strengthen its armed forces.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Estonian defense industry market trends for the coming five years- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector- A deep qualitative analysis of the Estonian defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts.

Publisher Name : GlobalData

1. Introduction 71.1. What is this Report About? 71.2. Definitions 71.3. Summary Methodology 91.4. About GlobalData 102. Executive Summary 113. Market Attractiveness and Emerging Opportunities 123.1. Current Market Scenario 133.1.1. Military Fleet Size 133.1.2. Procurement Programs 173.1.3. Key Drivers and Challenges 193.2. Defense Market Size Historical and Forecast 213.2.1. Estonias annual defense expenditure to reach US$970.3 million by 2023 213.2.2. Modernization and acquisition of military equipment and peacekeeping missions to drive Estonias defense expenditure 233.2.3. The countrys defense expenditure as a percentage of GDP is expected to average 2.8% over the forecast period 243.3. Analysis of Defense Budget Allocation 263.3.1. Capital expenditures share of the overall defense budget to increase considerably over the forecast period 263.3.2. Capital expenditure budget is expected to increase over the forecast period 283.3.3. Per capita defense expenditure expected to increase over the forecast period 303.4. Homeland Security Market Size and Forecast 323.4.1. Estonias homeland security budget is projected to increase at a CAGR of 2.42% over the forecast period 323.4.2. Cybercrime is the main driving factor behind homeland security expenditure 343.4.3. Estonia is at some risk from external and internal threats 353.4.4. Estonia faces a moderate threat from terrorist organizations 363.4.5. Estonia has a terrorism index score of 0.5 383.5. Benchmarking with Key Global Markets 393.5.1. Estonias defense expenditure is expected to increase at a CAGR of 8.76% over the forecast period 393.5.2. Estonias military expenditure is low when compared to countries with the largest defense expenditure 413.5.3. Estonia allocates a low percentage of GDP to defense 423.6. Market Opportunities: Key Trends and Growth Stimulators 433.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2018-2023 434. Defense Procurement Market Dynamics 444.1. Import Market Dynamics 454.1.1. The countrys current need to modernize its armed forces will drive defense imports 454.1.2. The Netherlands was the leading supplier of arms to Estonia during the historic period; a trend that is expected to continue over the forecast period 464.1.3. Armored vehicles accounted for the majority of defense imports during 2013-2017 474.2. Export Market Dynamics 484.2.1. Estonia does not export arms due to its under-developed domestic arms industry 485. Market Entry Strategy 495.1. Market Regulation 495.1.1. Estonia has not disclosed any offset obligations 495.1.2. Regulations relating to foreign direct investment (FDI) in the defense sector have not been disclosed by the government 495.2. Market Entry Route 505.2.1. Budgeting Process 505.2.2. Government-to-government agreements are the preferred market entry route for foreign OEMs 516. Competitive Landscape and Strategic Insights 526.1. Competitive Landscape Overview 526.1.1. Foreign suppliers manufacture defense systems overseas and deliver them to Estonia 527. Business Environment and Country Risk 537.1. Economic Performance 537.1.1. GDP Per Capita 537.1.2. GDP, Current Prices 547.1.3. Exports of Goods and Services (LCU Million) 557.1.4. Imports of Goods and Services (LCU Million) 567.1.5. Gross National Disposable Income (US$ Million) 577.1.6. Local Currency Unit per US$ 587.1.7. Market Capitalization of Listed Companies (US$ Billion) 597.1.8. Market Capitalization of Listed Companies (% of GDP) 607.1.9. Goods Exports as a Percentage of GDP 617.1.10. Goods Imports as a Percentage of GDP 627.1.11. Services Imports as a Percentage of GDP 637.1.12. Services Exports as a Percentage of GDP 647.1.13. Foreign Direct Investment, net (BoP, current US$ Million) 657.1.14. Net Foreign Direct Investment as a Percentage of GDP 667.1.15. Mining, Manufacturing, Utilities Output 678. Appendix 688.1. About GlobalData 688.2. Disclaimer 68